A wave of student loan borrowers have entered default since pandemic-era protections lapsed | PBS News

"These are folks who live in states that President Trump won in the previous election," Bañez said. "And why I bring that up is, you know, there's a lot of misconceptions and tropes about who student loan borrowers are, and who are the ones who are falling behind."

 She said many are "working-class folks who just cannot keep up with these bills on top of everything else."…

 https://www.pbs.org/newshour/education/a-wave-of-student-loan-borrowers-have-entered-default-since-pandemic-era-protections-lapsed

 

GOP senator vows to delay debt ceiling deal lacking 'substantial reform'

Sen. Mike Lee (R-Utah), the chairman of the conservative Senate Republican Steering Committee, is threatening to use "every procedural tool" at his disposal to slow down Senate passage of a bill to raise the debt ceiling if it doesn't include "substantial" reforms…

https://thehill.com/homenews/senate/4020385-gop-senator-vows-to-delay-debt-ceiling-deal-lacking-substantial-reform/

Leader Jeffries on MSNBC's The Last Word with Lawrence O'Donnell

https://www.youtube.com/watch?v=jeMwPXL-TtE

Chairman Whitehouse: MAGA Republican Hostage Taking Is the Definition of Extremism

May 4 | Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Budget Committee, delivers opening remarks at a Budget Committee hearing entitled, "The Default on America Act: Blackmail, Brinkmanship, and Billionaire Backroom Deals."

MAGA Republicans’ dangerous bill proposes a terrible choice: default on our financial obligations, cause widespread pain and wreck our economy, or gut basic federal programs essential to our economic strength, cause widespread pain, and wreck our economy.
Interview: 

https://youtu.be/nG43W0z9WzY

Dead On Arrival: Sen. Whitehouse Rips Speaker McCarthy's Default on America

https://www.youtube.com/watch?v=hdIA6Q6vzyA

Jeffries waves aside plan to raise debt limit with House discharge petition

"The most viable option right now is for the extreme MAGA [Make America Great Again] Republicans in the House to get their act together and do what they consistently did when Donald Trump was the president of the United States of America," he told reporters Thursday at a press conference about how a national default would hurt the U.S. economy. 

Jeffries noted that "three times the House raised the debt ceiling" when Trump was president "without fanfare because the consequences of even threatening a default are so significant."…https://thehill.com/homenews/house/3914495-jeffries-waves-aside-plan-to-raise-debt-limit-with-house-discharge-petition/

Republicans could cause US to default on its debt, top Democrat warns

John Yarmuth, outgoing House budget committee chair, sounds alarm about GOP going into 'blow-it-up mode' on Capitol Hill…

https://www.theguardian.com/us-news/2022/dec/30/us-default-republicans-house-john-yarmuth

Democrats ramp up attacks on GOP over Social Security/Medicare plans | The Hill

"Republican leaders have made it clear they will crash the economy by putting the United States in default unless we yield to their demand to cut Social Security and Medicare," Biden said in the tweet. "And that's more than a promise. It's a threat," …

https://thehill.com/homenews/campaign/3701160-democrats-ramp-up-attacks-on-gop-over-social-security-medicare-plans/

What happens if Russia can’t pay its debts after western sanctions?

World Bank's chief economist has warned Russia and Belarus are 'mightily close' to default

https://www.theguardian.com/world/2022/mar/11/what-happens-if-russia-cant-pay-its-debts-after-western-sanctions

Fitch downgrades Russia’s credit rating amid Ukraine crisis, says default is ‘imminent’ - The Washington Post

…A Russian default could shake the economies of developing market countries — favored by some lenders for their high-yield upside — so profoundly that investors could ditch those venues in favor of safer bets, experts say. That would flood Western markets with capital pulled out of China, India, Brazil and eastern European economies, fueling even higher price inflation...
https://www.washingtonpost.com/business/2022/03/09/fitch-ratings-russia-default-ukraine-sanctions/

GOP struggles to find backup plan for avoiding debt default - The Hill

Republicans are in the dark about their party's backup plan for raising the debt ceiling amid growing anxiety that they will need to do so in a matter of weeks.
https://thehill.com/policy/finance/452896-gop-struggles-to-find-backup-plan-for-avoiding-debt-default

GOP in disarray as budget impasse threatens shutdown, deep cuts — and default - The Washington Post

Senate Republicans and the Trump administration are struggling to reach an agreement on a path forward on critical budget and spending issues, threatening not only another government shutdown and deep spending cuts but a federal default that could hit the economy hard. ....
https://www.washingtonpost.com/business/economy/gop-in-disarray-as-budget-impasse-threatens-shutdown-deep-cuts--and-default/2019/06/15/6a61e6dc-8ded-11e9-8f69-a2795fca3343_story.html

Happy Holidays: Texas preparing to send children's health insurance termination notices on Dec. 22

The Senate is busy setting up test votes on the Republicans' tax cut bill that is so full of awfulness that it's hard to keep track of it all: taxing graduate students out of their education, ending cancer treatment for Medicare patients, sneaking anti-abortion provisions into tax law, taking health insurance away from millions, raising taxes on lower-income people, and ending the deduction for charities. It's all incredibly awful. Meanwhile, in Texas:....
https://www.dailykos.com/stories/2017/11/29/1719558/-Texas-preparing-to-send-children-s-health-termination-notices-on-December-22-Happy-Holidays